Gold miners are joining what looks to be the first major breakout in precious metals since August

Allied Nevada Gold (ANV)

Click to EnlargeAllied Nevada Gold (ANV) operates the Hycroft open-pit mine near Winnemucca, Nev., that produced 137,000 ounces of gold and 794,000 ounces of silver in 2012. Through the end of Q3, revenues increased 34% year-over-year — impressive considering the decline in physical gold prices over that period.

Overall, analysts are looking for ANV’s revenues to swell to $269 million this year, up 25% from full-year 2012 results, and to $399 million in 2014.

After hitting a high above $45 per share back in 2011, ANV is trading at less than $4 now as it emerges from a consolidation pattern that’s been building since August.